Amidst the glitz and glamour of New York Fashion Week, several designers are eagerly anticipating the outcome of the Council of Fashion Designers of America/Vogue Fashion Fund, one of the most esteemed competitions for emerging designers. As the fund celebrates its 20th anniversary this year, it offers finalists the opportunity to receive mentorship from industry leaders and a financial prize. Winners of the competition are awarded $300,000, while two runner-ups receive $100,000 each, with eligibility criteria including U.S.-based designers employing fewer than 30 individuals and generating less than $10 million in revenue.
For Grace Ling, a current finalist and recipient of the CFDA’s Genesis grant, being a part of this competition holds significant weight. Ling has seen her business grow significantly, thanks to the support she received after winning the grant earlier this year. Another designer, Sebastien Ami, had to try multiple times before being accepted into the fund. Operating during the pandemic, Sebastien and Marianne Amisial showcased their latest collection at New York Fashion Week, marking a significant milestone for their brand.
Past winners of the fund, like Christopher John Rogers, have attested to the impact it had on their businesses. Winning the fund provided Rogers with the resources to expand his team, produce new collections, and establish a design studio. The fund not only provides financial assistance but also opens doors for designers to showcase their talent on a global platform.
The competition encourages designers to be strategic about their growth, control expenses, and prioritize what is best for their brand. Participants like Jackson Wiederhoeft, known for his theatrical runway shows, have found success through the fund. The ongoing support from CFDA and Vogue extends beyond the competition, with initiatives like the Americans in Paris showcase during Paris Fashion Week helping designers like House of Aama explore international markets.
As designers prepare for their runway shows and market appointments, the Fashion Fund serves as a catalyst for their long-term goals and aspirations. Regardless of the outcome, finalists are already contemplating their next moves and envisioning the future of their brands in the ever-evolving world of fashion.
